Home CATEGORIES Corporate CSR Ethics Only Law Can’t Guide Fairness In Business, Inner Value System Can: Suresh...

Only Law Can’t Guide Fairness In Business, Inner Value System Can: Suresh Prabhu


Union Railway Minister Suresh said, being fair in any business is the key to maintaining equality and a better business culture. He was speaking as the chief guest at the 29th Council for Fair Business Practices (CFBP) Jamnalal Bajaj Awards.

Prabhu pointed out inequality and the gap between haves and have-nots as the root causes to most problems. He also spoke about the CSR mandate and said that the statute books cannot guide one for equality. “Fairness is the way to achieve equality. In business practices, fairness should come from your inner value system, only law cannot guide you,” said Prabhu.

CFBP recognises and commemorates businessmen and industrialists who uphold the highest ethical practices in business each year. Constituted in 1988, these awards are judged on eight vital parameters, including customer satisfaction, employee motivation, environmental protection and corporate social responsibility among others.

This year, the awards were conferred to the winners in the presence of Prabhu and Girish Bapat, Minister for Food, Civil Supplies and Consumer Protection, Food and Drugs Administration, Parliamentary Affairs.

Award winners of 29th CFBP Jamnalal Bajaj Awards 2017

Type Company Name
Manufacturing enterprise – Large JSW Steel coated products Limited
Bharat Heavy electricals limited
Manufacturing enterprise – SME Grauer and Weil (India) limited
Service Enterprises – Large IDBI Bank Limited
JM Financial Institutions
Trade & Distribution – SME Mumbai Kamgaar Madhyawargi Grahak Sahakari Sanstha Maryadit, Apna Bazar Co-op
Charitable Association Chinchani Tarapur Education society
Sakhtidevi Charitable Trust, Tamilnadu


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The CSR Journal Team